JLL Capital Markets secured $11.75 million in forward permanent financing for Third Thyme, a 104-unit affordable multifamily community located in Los Angeles’ Westlake North neighborhood. On behalf of the borrower, West Hollywood Community Housing Corporation, JLL worked to secure the 15-year fixed-rate loan through Freddie Mac Multifamily with servicing provided by JLL Real Estate Capital LLC.
Third Thyme is a new construction high rise utilizing 9% Low Income Housing Tax Credit (LIHTC) and public funds to serve seniors aged 62+ and permanent supportive housing while achieving LEED Gold certification at completion. Located at 1441 W 3rd St., this property will provide much needed affordable housing options for those living in Los Angeles County upon completion.
